Time flies. It was over two years ago we commented (Europe the 'Connected Continent' - Another Step Closer) on plans for 5g to hit Europe around 2020 with the prospect of Europe becoming a global centre of ICT expertise.
Now, research from ABI mentions that the 5G network deployment is expected to ramp up after 2020 and its market size may reach $247 billion worldwide by 2025.
The 5G network is expected to provide a download speed of 1 Gbps (gigabit per second) which is 200 times the throughput of the 4G LTE network. Latency period of data delivery will be in single milliseconds.
The superfast 5G will also be a necessity in managing the exponential growth of Internet of Things (IoT) which is expected to grow at a 17% compound annual growth rate to nearly $1.3 trillion in 2019 from $698.6 billion in 2015.
This is a game-changer that will not only impact mobile services but will change the way we all work. There will also be a knock on effect in the interaction of 5g with fixed line networks or even their replacement. This will all be happening at a time when Software-Defined Networking is anticipated to be maturing and the decline of the PSTN is expected to be in progress.
All big issues that we’re tracking closely to ensure your current decisions fit future technology.